1. What is Real Estate Commission?

Real estate commission is the fee paid to agents for their services in facilitating a property sale. In Georgia, this is typically a percentage of the final sale price, split between the buyer's and seller's agents.

2. How Commission is Calculated

The standard commission calculation formula is:

Where:

• Sale Price — Final selling price of the property
• Commission Rate — Agreed percentage (typically 5-6% in Georgia)

Example: For a $300,000 home at 6% commission, the total commission would be $18,000.

3. Georgia Commission Rates

Details: While commission rates are negotiable in Georgia, the typical range is 5-6% of the sale price, usually split evenly between the listing and buying agents.

4. Using the Calculator

Tips: Enter the property sale price in USD and the commission rate as a percentage. The calculator will instantly compute the total commission amount.

5. Frequently Asked Questions (FAQ)

Q1: Who pays the real estate commission in Georgia?
A: Typically the seller pays the full commission, which is then split between the listing and buyer's agents.

Q2: Are commission rates fixed in Georgia?
A: No, rates are negotiable between the agent and client. 5-6% is common but not mandatory.

Q3: How is the commission split between agents?
A: The total commission is usually split 50/50 between listing and buyer's brokers, who then split with their agents.

Q4: Are there additional fees beyond commission?
A: There may be closing costs and other fees, but these are separate from the agent commission.

Q5: Can commission rates be lower for high-priced homes?
A: Sometimes agents negotiate lower percentage rates for very expensive properties.